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The Intelligence from The Economist

Riot-geared: the tensions behind France’s unrest

The Intelligence from The Economist

The Economist

Daily News, Global News, News

4.53.7K Ratings

🗓️ 3 July 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

The killing of a teenager in a Paris suburb has ignited national unrest. We ask what is driving the disquiet, and what it means for a president squeezed on both political sides. In high-inflation times, rising wages worry economists—“wage-price spirals” are a textbook bogeyman. But perhaps the risk is overblown (10:34). And the researchers making burgers from extinct animals (18:22). 


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Transcript

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0:00.0

Financial markets are more complex than ever. That's why Goldman Sachs is

0:04.5

harnessing the power of its global analysis to break down the key factors

0:08.5

driving the markets and the economy each week. We'll be speaking with Goldman

0:13.0

Sachs' team of global economists, financial analysts, and investors to help

0:17.6

you prepare for the week ahead. Join us every Friday for just 10 minutes or

0:21.8

less. Listen to the markets. Your go-to source for un-missable financial insights.

0:30.0

Hello and welcome to the Intelligence from the Economist. I'm your host, Jason

0:37.7

Palmer. Every weekday we provide a fresh perspective on the events shaping

0:42.4

your world.

0:47.0

There are a few things that give economists sleepless nights like when wages and

0:52.3

inflation go up together threatening a wage-price spiral. Our correspondent says

0:57.9

not to worry. Those spirals are far scarier in theory than they are in

1:02.4

practice. And maybe you want a meeting meal, but maybe you want it to be

1:08.6

cruelty-free. Researchers are chasing up one way to satisfy both desires. How

1:14.2

about making burgers from extinct animals?

1:18.3

First up though.

1:33.0

What might have been a routine traffic stop has turned into national riots in

1:38.0

France, shining a light on the country's policing and squeezing President

1:42.2

Emmanuel Macron from both ends of the political spectrum. Today Mr. Macron will

1:47.6

meet with leaders of both houses of parliament as he tries to bring an end to

1:51.5

the violence. Last Tuesday a teenager named as Nile M was fatally shot by police

1:57.9

in the Paris suburb of Nantes. What's followed is nightly riots, looting and

...

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